"OMAHA, NE, USA"

Household Income which has most of the residents of the city: Less Than 15,000$ (14,0%)

1. OnLine (24 Hours): Get up to 1000$ payday loan (Low Interest)!

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Work & Live in USA

Be 18+ years

Have a bank account

Have a email

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Omaha (NE)!

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Getting Started With a "Hydroponic Farm Business"

The hydroponic farming industry is rapidly growing by approximately 10% each year. No wonder, the technology of hydroponics has reached such an efficiency that it guarantees more production, higher quality, and lower risk consistently, compared to traditional farming.

With human population also growing rapidly, hence the rising demand for real estate, we might also see a near future where land availability for farm usage getting scarcer and scarcer. That will mean a scarcity of food and the rise in price.

Many plans have been proposed for to tackle this matter, such as the high-rise vertical farming system, utilizing the whole skyscraper solely designed for hydroponics from top to bottom. Hydroponics might be the future, not only for the farming industry but for humanity.

If you got the love for plants and the diligence, this business might be for you, and here are some pointers to get you started:

1. How Much Investment?
The cost will vary depending on the size of your dedicated farm, and your types of hydroponic technology (more on this later). But as a median, an NFT (Nutrient Film Technology) hydroponic system will cost you roughly $11 per square feet. With a standard size of a farm being around 30'x100', it will cost you approximately $33,000.

Your expenses will mostly go to your equipment, seeds, and nutrients. If you are a beginner, you might need to invest in hydroponics books or courses.

2. Find the Right Crops to Farm
Different kinds of crops will generate different profitability. But there's no direct answer to what kind of crop is right for you. Many factors will influence this decision, such as your location, marketing avenue, competition, and your scale of operation among others.

But in general, you should focus on crops that are high demand, scarce or inconsistent in supply, high shipping cost or impossible to ship, and healthy crops.

3. Find The Right Vendors
Your source for seeds and equipment might also be your source of knowledge. The hydroponic community is small and is famous for encouraging beginners. Not only knowledge, they will also help to point you to buyers for your crops.

4. Your Marketing Channel
There are many ways to market your product, you can do retail or wholesale with a full packaging and branding, CSA (Community Supported Agriculture) market, supplying to local restaurants, or a combination of all of them.

You need to find some kind of buyers before harvest, as prolonging harvest will disrupt your costings with all the nutrients and fertilizers needed, and therefore your profits.

5. License and Permit
With hydroponic being a relatively new venture, permit and license might not be a necessity, however, it's best to consult with your local commissioners for information regarding electrical and water usage, chemical usage, required insurance, zoning laws, and whether you are allowed to grow your crops for sale.

How Much Money can I Make?

The answer to this question will vary a lot depending on many variables. Your farm size, the types of crops, the fluctuation of local price, etc. However, a bay of hydroponic system of 300 sq ft growing mixed herbs can generate $25,000 to $40,000 a year, and it can grow with size.

The key to a farming business, rather than marketing, is energy, water, and labor efficiency. As you get more experience, you can get your farm to be more cost efficient and increasing your profit gain.

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